Quarterly Report - November 30, 2008

 Amarillo College
     Summary of Investments
    30-Nov-08   30-Nov-08
    Book Value   Market Value
 Equity Securities:         
 U.S. Common Stock         
 Equity Mutual Funds              3,630,873.01       3,339,099.90
 Other Equity Securities (list)         
     Total Equities              3,630,873.01       3,339,099.90
 Debt Investments >1 year:         
    Interest Only Strips         
    Principal Only Strips         
    Inverse Floaters                              -                         -  
     Total Debt >1 year                              -                         -  
 Short Term Investments:         
 U.S. Government         
 U.S. Government Agency            22,033,548.36      22,100,776.87
 C.D.’s/B.A.’s             18,052,281.94      18,052,281.94
 A1/P1 Commercial Paper          
 Repurchase Agreements         
 TexPool               6,327,448.16       6,327,448.16
 Other Money Market Funds & Pools         
 Bank Deposits          
 Cash Held at State Treasury         
 Other (list)         
     Total Short Term Investments            46,413,278.46      46,480,506.97
 TOTAL INVESTMENTS:            50,044,151.47      49,819,607.17


December 12, 2008
      Amarillo College employs First Southwest Asset Management Company for investment
          advice with respect to our non-endowed local funds. Their address is 300 West 6th Street,
          Suite 1940, Austin, Texas 78701. They do not have the authority to make investment
          decisions or initiate transactions.
      Amarillo College does not use soft dollar arrangements.
      Amarillo College is associated with the Amarillo College Foundation. The market value of the investments of the
           Foundation at 8/31/08 was $30,719,156.46. The investments are managed by the Investment Committee of
           the Foundation, P.O. Box 447, Amarillo, Texas 79178.
      The Amarillo College Board of Regents reviewed, updated and approved the Amarillo College Investment
           Policy at the February 26, 2008 Board of Regents meeting.